International Company An international company is a domestic firm that uses its existing capabilities to penetrate overseas markets. It is an organization that has business operations in several markets across the globe. These companies have no foreign direct investments (FDI) and make their prod.....
Offshoring is when production operations are performed in another country. It is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. It is the process of relocating the business op.....
Free Port It is a port where no export or import duty is levied. They are meant to cut costs and bureaucracy, at the same time as encouraging innovation. They are designated by the government as areas with little to no tax in order to encourage economic activity. It is a specifically designated a.....
Free Alongside Ship Free alongside is one of a number of internationally recognized commercial terms used by businesses engaged in trade. Under this term, the seller clears the goods for export then places them alongside the vessel at the “named port of shipment”. When a price is quoted free .....
Dumping The term ‘dumping’ is used in foreign trade to denote a sale of “goods abroad at prices lower than those prevailing in the home market. In economics, it is a kind of injuring pricing, especially in the context of international trade. It is a term used in the context of internationa.....
Diplomatic capital refers to the trust, goodwill, and influence which a diplomat, or a state represented by its diplomats, has within international diplomacy. The body of foreign diplomats assembled at a nation’s capital. According to political scientist Rebecca Adler-Nissen, diplomatic capital.....
All Rights Reserved The phrase “All Rights Reserved” is often used by owners to indicate that they reserve all of the rights granted to them under copyright law. This is printed intimation in literary work. Common meaning – it refers to the exclusive legal rights an author, musician, ar.....
SAARC, which stands for “South Asian Association for Regional Cooperation” is made up of a group of south Asian nations and is an organization dedicated to economic, technological, culture and was formed in December 1985. It originally started off with 7 countries but Afghanistan join.....
Ethics in International Business The importance of international business ethics has been rising steadily along with the growth of international business. Technologies like the Internet have made international business all the more viable, and many companies can only find the desirable growth and.....
Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances. It is common to discuss the phenomenon from an abstract, global perspective, but in fact globalization’s most important impacts are often highly localized. It is a process of intera.....
Amnesty International Amnesty International uncovers the facts about violations and breaches of human rights. The issues may concern individuals or conditions within a particular state, but the organization also pursues various themes, such as the death penalty. Results are published in special r.....
Oxfam is an international confederation of 20 organizations working together with partners and local communities in more than 90 countries, as part of a global movement for change, to build a future free from the injustice of poverty. One person in three in the world lives in poverty. Oxfam is de.....